ROCKWELL REAL ESTATE CLASSES WA FINAL
EXAM 1 2026 ACTUAL EXAM SCRIPT FULL
QUESTIONS AND VERIFIED SOLUTIONS
◉ If any criminal charge is filed against a licensee, he:
A. must report this to the Department of Licensing within 20 days
B. must report this to the Department of Licensing only if a jail
sentence is imposed
C. must ask the prosecutor to report the charges to the Department
of Licensing
D. is subject to immediate license suspension. Answer: A. must
report this to the Department of Licensing within 20 days
◉ When a broker attempts to renew his license, he intentionally lists
a 3-hour course twice in order to reach 30 hours. The Director can:
A. grant a 45-day interim license until the course is completed
B. charge him with misrepresentation in obtaining or reinstating a
license and suspend the license
C. audit the school administrator
,D. refer the case to the Attorney General for prosecution. Answer: B.
charge him with misrepresentation in obtaining or reinstating a
license and suspend the license
◉ In spite of Delia's objections, the city took a portion of her lot as
part of a street widening project. Which of the following is true
about eminent domain?
A. The city can take only vacant land by eminent domain
B. The city can take private property only for recreational purposes
C. Delia's property was taken through the process of condemnation
D. Delia won't be compensated for her lost property. Answer: C.
Delia's property was taken through the process of condemnation
Eminent domain is the constitutional power to take private property
for a public use. Condemnation is the process by which the property
is taken
◉ Special, general, and universal agency all:
A. create a long-lasting relationship over multiple transactions
B. give the agent authority to act on the principal's behalf in all
financial matters
C. originate with the principal
,D. terminate with the end of a particular transaction. Answer: C.
originate with the principal
◉ A 17-year-old purchased a house. He moved in, lived in it for a
year, and then decided he didn't want the responsibility of owning a
home. He refused to honor the contract. In this case the contract:
A. is valid; the buyer must abide by its terms
B. is voidable; the buyer can choose whether or not to carry out its
terms
C. was voidable when signed; however, the buyer probably ratified it
by living in the house
D. is void; it was missing an essential contract element. Answer: C.
was voidable when signed; however, the buyer probably ratified it by
living in the house
◉ A licensee is about to change her business location. Which of the
following should she do?
A. Move her license to the new location until the renewal date
B. Notify the Director of the Dept. of Licensing by phone
C. Notify the Real Estate Program Manager in writing
, D. Surrender her license and apply for an updated license with the
correct location. Answer: D. Surrender her license and apply for an
updated license with the correct location
◉ Which of the following is an example of commingling?
A. Placing a buyer's deposit in a trust account
B. Depositing rent from a commercial rental account in a trust
account
C. Depositing an employee's paycheck in a trust account
D. Paying the firm's commission directly from a trust account.
Answer: C. Depositing an employee's paycheck in a trust account
Trust funds are any funds that belong to a client, such as rent.
Depositing an employee's paycheck in a trust account is
commingling
◉ A buyer and seller sign a contract for deed. Two weeks later, the
buyer is declared mentally incompetent. The buyer's guardian
contacts the seller and says that he can continue to make the buyer's
payments as agreed. Which of the following is true?
A. The buyer can disaffirm the contract within a reasonable period of
time
EXAM 1 2026 ACTUAL EXAM SCRIPT FULL
QUESTIONS AND VERIFIED SOLUTIONS
◉ If any criminal charge is filed against a licensee, he:
A. must report this to the Department of Licensing within 20 days
B. must report this to the Department of Licensing only if a jail
sentence is imposed
C. must ask the prosecutor to report the charges to the Department
of Licensing
D. is subject to immediate license suspension. Answer: A. must
report this to the Department of Licensing within 20 days
◉ When a broker attempts to renew his license, he intentionally lists
a 3-hour course twice in order to reach 30 hours. The Director can:
A. grant a 45-day interim license until the course is completed
B. charge him with misrepresentation in obtaining or reinstating a
license and suspend the license
C. audit the school administrator
,D. refer the case to the Attorney General for prosecution. Answer: B.
charge him with misrepresentation in obtaining or reinstating a
license and suspend the license
◉ In spite of Delia's objections, the city took a portion of her lot as
part of a street widening project. Which of the following is true
about eminent domain?
A. The city can take only vacant land by eminent domain
B. The city can take private property only for recreational purposes
C. Delia's property was taken through the process of condemnation
D. Delia won't be compensated for her lost property. Answer: C.
Delia's property was taken through the process of condemnation
Eminent domain is the constitutional power to take private property
for a public use. Condemnation is the process by which the property
is taken
◉ Special, general, and universal agency all:
A. create a long-lasting relationship over multiple transactions
B. give the agent authority to act on the principal's behalf in all
financial matters
C. originate with the principal
,D. terminate with the end of a particular transaction. Answer: C.
originate with the principal
◉ A 17-year-old purchased a house. He moved in, lived in it for a
year, and then decided he didn't want the responsibility of owning a
home. He refused to honor the contract. In this case the contract:
A. is valid; the buyer must abide by its terms
B. is voidable; the buyer can choose whether or not to carry out its
terms
C. was voidable when signed; however, the buyer probably ratified it
by living in the house
D. is void; it was missing an essential contract element. Answer: C.
was voidable when signed; however, the buyer probably ratified it by
living in the house
◉ A licensee is about to change her business location. Which of the
following should she do?
A. Move her license to the new location until the renewal date
B. Notify the Director of the Dept. of Licensing by phone
C. Notify the Real Estate Program Manager in writing
, D. Surrender her license and apply for an updated license with the
correct location. Answer: D. Surrender her license and apply for an
updated license with the correct location
◉ Which of the following is an example of commingling?
A. Placing a buyer's deposit in a trust account
B. Depositing rent from a commercial rental account in a trust
account
C. Depositing an employee's paycheck in a trust account
D. Paying the firm's commission directly from a trust account.
Answer: C. Depositing an employee's paycheck in a trust account
Trust funds are any funds that belong to a client, such as rent.
Depositing an employee's paycheck in a trust account is
commingling
◉ A buyer and seller sign a contract for deed. Two weeks later, the
buyer is declared mentally incompetent. The buyer's guardian
contacts the seller and says that he can continue to make the buyer's
payments as agreed. Which of the following is true?
A. The buyer can disaffirm the contract within a reasonable period of
time
